EBRD invests PLN 400 mln in Santander Polska and Bank Pekao to help banks meet capital requirements

The European Bank for Reconstruction and Development (EBRD) has invested PLN 300m ($75m) in two non-preferred bond issuances by Santander Bank Polska and PLN 100m in a senior non-preferred bond issuance by Bank Polska Kasa Opieki. The transactions, listed on the Warsaw Stock Exchange, are part of regulatory compliance for own funds and eligible liabilities, while also contributing to the development of green financing in Poland. Pekao has committed to allocating 200% of the EBRD investment to Green Economy Transition-eligible projects, while Santander Bank Polska will use funds raised from its issuance to finance eligible green and social assets.

The EBRD has invested €12.4bn in 493 projects in Poland to date, with a focus on promoting the low-carbon economy.

Source: ebrd.com